Economics 9708/41 May June 2023 | Cambridge AS Level Past Papers With Mark Scheme

Download the PDF file for reference and detailed examination of the questions.

- Concentration ratios: Explanation of measurement and implications for market structure.
- Negative externalities: Analysis of producer and consumer roles in external costs with examples.
- Consumer welfare concerns: Impact of increased industry concentration, including wage suppression and bargaining imbalances.
- Monopolies and efficiency: Evaluation of economic theory supporting or opposing monopoly efficiency, supported by diagrams.
- Allocative efficiency and subsidies: Government policy recommendations for education sector subsidies with diagrammatic evaluation.
- Price discrimination: Analysis of benefits and drawbacks for producers, consumers, and society.
- Government budget surplus impacts: Short-term unemployment effects and long-term balance of payments implications.
- Productivity and living standards: Assessment of productivity's role in improving living standards in low-income countries.